IntroductionThe beauty of recent developments based on the innovative Bitcoin technology is that they allow the public to claim control over previously centralized endeavours. By creating automated, trustless interactions over the network, we can now build systems that do not require concentrated power to maintain order in. Rather, the power is spread throughout the network and is left in our hands, the active participants in it.

The Bitcoin revolution has brought us control over our money. In this position of control, we are its owners and we decide what to do with it, uninhibited by the interests of those in positions of great influence. Here at GetGems, we are attempting to do the same, only with the basic communication method of the Information Age - text messaging.

Current IM applications, such as Skype or WhatsApp, use the information you provide to them for their own benefit. They maintain huge databases characterizing you and your behavior in an attempt to profit from it. From the networks that you create with your friends and family.In this unique point in time, we are able to take this power from them, and keep the value we create in our networks to ourselves.

By disconnecting the application from its current axiom of generating revenue for its corporate owner, we can move development in the direction of supporting the network and its users. It becomes an ever-evolving social product, shaped to facilitate our need and desire to communicate.

AboutThe primary goal of GetGems is to make it easy for millions of people to adopt bitcoin.Read more about how Gems is going to reclaim social networks from the control of traditional establishments.

GetGems is a new 2nd generation cryptocurrency powered by Counterparty. The platform is built on top of Bitcoin.GetGems is The First Social Currency Network.GetGems is a social messaging app bringing crypto-currency to the masses.GetGems is designed from the ground up with this goal in mind.GetGems relied on a public sell for initial distribution of the supply. The total amount of GetGems in existence is 100'000'000 (100M).

crowdsale(GetGems Sale Closes With 38,135,367 GEMZ sold)GetGems sale has successfully raised $780K (2,633 BTC) during the token sale. We are immensely grateful for the amount of support we have received around the GetGems project and Koinify platform. With over 1,500 unique token sale purchasers, it's easy to see that people are excited about brining crypto technology to the masses.

GetGems Mobile Apps (www.getgems.org/dl) GetGems developed a free mobile application for iOS and Android smart phones. In addition to coming with a built-in digital wallet and providing fully encrypted instant messaging that is indecipherable by GEMS’ own infrastructure, GetGems will give users the power to instantly send and receive its native tokens, GEMZ, and Bitcoin to friends. GEMZ can be earned by participating in the network, inviting friends to join, and via “airdrop” giveaways. The tokens can then be used within the network.

At the moment, the masses lack a strong incentive to enter the Bitcoin ecosystem. GetGems solves this problem by ingeniously taking the most adopted form of online communication—mobile social messaging—and introducing a value-reward system built on top of Bitcoin. Users familiar with Bitcoin will enjoy a convenient method to send Bitcoin to their contacts without having to type in long addresses because our system works with the users’ screen names. People new to the space will appreciate GEMS’ interface that is easy to understand and use.

In addition, advertisers will have to pay into the network while members will always maintain the power to opt out of any messaging they don’t want. With GetGems, users choose whether to receive promoted content tailored to their interests. If they do, they will earn GEMZ for each sponsored message they view. GetGems makes instant messaging with friends fun, simple, secure and profitable.

Guaranteed FeaturesFun Keep in touch with friends. Free unlimited instant messaging. Simple Your passphrase is your wallet. Fully functional in under 30 seconds. Secure. Be as anonymous as you desire. Communications are always encrypted. Profitable. Be rewarded for introducing new users to the network.

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100% IPO, no POW? - 100 million GEMS is the total currency supply in the GENESIS BLOCK. Eventual supply is achieved as follows: 50 million Gems distributed to stakeholders; 30 million Gems distributed as daily Airdrop rewards during ~3 years after launch; 12 million Gems reserved for bonus block rewards, promotion, marketing, bounties; 8 million Gems + Presale BTC will fund the network R&D and operation costs.

When launch? - Public sell will start in September.

what algo? - The gems currency is powered by Counterparty. Every GEMS user automatically gets his own wallet, protected by the passphrase chosen on registration. The social network username is an alias to the gems address, making sending & receiving gems and bitcoins between users as easy as possible.

Supply can still be changed.The goal of the PRE-ANN is to hear the community and make changes if needed before the release.Can you explain why you think 10 billion is the wrong number and what number should we use?

100% IPO, no POW? - 10000 million (10 billion) GEMS is the total currency supply in the GENESIS BLOCK . Eventual supply is achieved as follows: 4,500 million Gems distributed to stakeholders; 4,500 million Gems distributed as daily Airdrop rewards during ~5 years after launch; 500 million Gems reserved for bonus block rewards, promotion, marketing, bounties; 500 million Gems + IPOs will fund the network R&D and operation costs.

When launch? - Public sell will start in September.

what algo? - The gems currency is powered by Counterparty. Every GEMS user automatically gets his own wallet, protected by the passphrase chosen on registration. The social network username is an alias to the gems address, making sending & receiving gems and bitcoins between users as easy as possible.

Thanks for the reply bud........not yet familiar with Counterparty but have heard about it. Sounds interesting. Will keep an eye out......I LOVE it when I see a dev release a coin from their real accounts:-)

Supply can still be changed.The goal of the PRE-ANN is to hear the community and make changes if needed before the release.Can you explain why you think 10 billion is the wrong number and what number should we use?

I would normally agree with this being too large a supply, but not sure this is the case with social currency. I am no expert but for some reason it makes sense to have a larger supply of coins for a social currency.

100% IPO, no POW? - 10000 million (10 billion) GEMS is the total currency supply in the GENESIS BLOCK . Eventual supply is achieved as follows: 4,500 million Gems distributed to stakeholders; 4,500 million Gems distributed as daily Airdrop rewards during ~5 years after launch; 500 million Gems reserved for bonus block rewards, promotion, marketing, bounties; 500 million Gems + IPOs will fund the network R&D and operation costs.

When launch? - Public sell will start in September.

what algo? - The gems currency is powered by Counterparty. Every GEMS user automatically gets his own wallet, protected by the passphrase chosen on registration. The social network username is an alias to the gems address, making sending & receiving gems and bitcoins between users as easy as possible.

Thanks for the reply bud........not yet familiar with Counterparty but have heard about it. Sounds interesting. Will keep an eye out......I LOVE it when I see a dev release a coin from their real accounts:-)

In order to have an apple developer account you have to register with your real name.

Right now the Gems protocol is built to reward Gems users that introduce new users to the Gems network and also reward users for texting (not reward spamming - the technical details will be published before the release).

does anyone think the Gems protocol should reward more things? - Would love to get some feedback on this important point.

1. How does the messaging work. Is this a normal server based msg system, but the monetizing done via the token? Or is this an actual decentralized messaging system? How do you achieve 10sec response time.

2. The monetisation: i understand that normal msging is free. How is this done and paid for? The only monetisation comes via people sending others msg that they pay for by giving tokens to the receiver or by paying tokens to who?

3. Who own the network, system company etc? How does the economy work and how are developers paid.

Oh and I agree the 10B is a number that is way to high. We should reach a number where 1 token actually means something.

If I think about games we often have tokens that are worth a cent or a bit less. I.e. you might buy 2000 gems in a game for $10. Its so annoying in the BTC world to have these things that mean nothing and are not worth anything. You could also think about how much should the cheapest add be worth and make that 1 token. Either way I would suggest to have a lot less tokes but have a backup plan to be able to deal with growth.

I.e. satoshi managed to come up with a great number: 21 million would mean that 1 BTC would be worth a few USD even with very little market cap of only a few millions, but if BTC becomes the world currency 1 satoshi will be worth far less than 1 USD. The numbers work no matter what.

The Gems Network is built on top of counterparty platform (which is built on top of Bitcoin blockchain) so there is no need for "extra" mining in order to "protect" the blockchain.

How the funds raised will be used:- The Gems network and its costs will be significant over time.- Expenses incurred prior to and related to Genesis Sale.- Salaries for full time contributors and payments to freelancers.- Further development of the IOS and Android Gems apps (extra features will be voted by the community).- Marketing, advertising, media and articles - moving from 1K to 1M users.- Community Funding.- Legal counsel.